Multiple Choice
In the production function Y = AF(K,N) ,A is ________,K is ________,and N is ________.
A) total factor productivity;the capital stock;the number of workers employed
B) total factor productivity;investment;the number of workers employed
C) the productivity of labour;the capital stock;the size of the labour force
D) the productivity of labour;investment;the size of the labour force
Correct Answer:

Verified
Correct Answer:
Verified
Q57: The marginal revenue product of labour (MRPN)is<br>A)less
Q58: The supply of labour depends primarily on<br>A)the
Q59: The city of Hope has a labour
Q60: How would each of the following events
Q61: In a production function where capital (K)is
Q64: The principle of diminishing marginal productivity of
Q65: Economists often treat the economy's capital stock
Q66: The marginal product of capital<br>A)is measured by
Q67: A favourable supply shock,such as a fall
Q81: The two main characteristics of the production